News


Bay Area consumer prices jump 2.6%

Housing prices contributed to increase with costs rising 5.3%

Prices for consumer goods and services in the San Francisco Bay

Area rose 2.6% in the last 12 months ending in August, according to the U.S. Bureau of Labor Statistics.

Prices for housing contributed the increase, with housing costs rising 5.3%, BLS officials said. Contributing to the increase in housing costs were an 8.1% increase in the cost of fuels and utilities, including a 9.5% increase in gas service.

The cost to rent a primary residence rose 5.8%, with prices held down by an 8.4% drop in energy prices, mainly due to a drop of 16.6% in gas prices.

The data reflects average prices in Alameda, Contra Costa, Marin, Napa, San Francisco, San Mateo, Santa Clara, Santa Cruz, Sonoma and Solano counties.

Prices in the western region of the U.S. rose 1.3% and national prices rose 0.2%, BLS officials said.

Keith Burbank, Bay City News

— Bay City News Service

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